The Bourse Weekly Performance (Week-ended 23rd
May 2013)
Week-ended 17th May 2013
|
Week-ended 23rd May 2013
|
|
All Share Price Index
|
6,380.70
|
6,488.85
|
S&P SL20 Index
|
3,589.26
|
3,666.04
|
Total Turnover for the week
|
6,149,882,051/-
|
6,201,045,467/-
|
Total Net Foreign Inflow/ (Outflow)
|
1,587,615,169/-
|
2,239,826,705/-
|
Market Capitalisation
|
2,450,178,233,693/-
|
2,491,726,828,316/-
|
Market PER
|
17.32
|
The Colombo bourse continues
to rise with foreign interest accelerating while retailers are robust. This
week the ASI and S&P indices gained a total of 108 (+1.69%) and 76 (+
2.14%) points respectively. Though Turnover was en par previous week’s total turnover
value, the average daily turnover this week was Rs.1.5Bn as opposed to Rs. 1.2Bn
reported the previous week. Foreign Interest was booming with the Net Foreign
Inflow for the year reaching Rs. 13Bn. The Wesak Poya shortened week, saw the
year to date gains rising further and the ASI closed the week 14.99% higher from
its close for 2012.
Favourite blue-chips this
week were Commercial Bank, JKH, Distilleries, Cargills, etc. In sector
statistics the highest contribution for the weekly turnover came in from the
Banking Finance and Insurance sector generating Rs. 1.7Bn while the Diversified
Holdings sector generated Rs. 858Mn. The top gainer this week was the Beverage
Food and Tobacco sector (+7.69%) which saw counters such as Distilleries, Ceylon
Cold Stores, Ceylon Tobacco and Nestle trading heavily. The biggest loser in
sector indices was the Information Technology sector losing 3.85%.
The Colombo boursehas soared
over 250 points since the 50bps interest rate cut announced on 10th
May. Analysts anticipate the bullish sentiments to continue further and advise
investors to make sound investment decisions. So far this year the Colombo
Bourse has gained a total of Rs. 324Bn in Market Capital equivalent to 14.95%.
The Colombo bourse continues to be attractive at a trailing PER of 17.62.
